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Investment in Unconsolidated Joint Ventures
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Unconsolidated Joint Ventures
On November 1, 2021, we contributed approximately $49.2 million to acquire an 80% interest in RVC Outdoor Destinations (“RVC”). RVC owns a portfolio of six operating RV communities located in Arkansas, California, Colorado, Georgia, Florida and Tennessee. We use the equity method of accounting as we have the ability to exercise significant influence over operating and financial policies of RVC but do not have the ability to control major decisions of the entity.
The following table summarizes our investment in unconsolidated joint ventures (investment amounts in thousands with the number of Properties shown parenthetically for the years ended December 31, 2021 and 2020, respectively):
 Investment as of December 31,Income/(Loss) for Years Ended December 31,
InvestmentLocationNumber
of Sites
Economic Interest (a)
 20212020202120202019
MeadowsVarious (2,2)1,077 50 %$— $— $2,010 $1,879 $1,400 
LakeshoreFlorida (3,3)721 
(b)
2,638 2,281 568 1,405 263 
VoyagerArizona (1,1)— 50 %
(c)
141 83 556 1,616 2,951 
LoggerheadFlorida— — %
(d)
— — — — 3,501 
ECHO JVVarious — 50 %18,136 17,362 773 499 640 
RVCVarious 1,019 80 %49,397 — (26)— — 
2,817 $70,312 $19,726 $3,881 $5,399 $8,755 
_____________________ 
(a)The percentages shown approximate our economic interest as of December 31, 2021. Our legal ownership interest may differ.
(b)Includes two joint ventures in which we own a 65% interest in each and the Crosswinds joint venture in which we own a 49% interest.
(c)Voyager joint venture primarily consists of a 50% interest in Voyager RV Resort and 33% interest in the utility plant servicing this Property. On October 14, 2021, we completed the acquisition of the remaining interest in the Voyager joint venture (see Note 6. Acquisitions).
(d)On September 10, 2019, we completed the acquisition of the remaining interest in the Loggerhead joint venture (see Note 6. Acquisitions). Loggerhead sites represent marina slip count.

We recognized $3.9 million, $5.4 million and $8.8 million (net of $1.1 million, $0.7 million and $1.2 million of depreciation expense, respectively) of equity in income from unconsolidated joint ventures for the years ended December 31, 2021, 2020 and 2019, respectively. We received approximately $3.2 million, $5.7 million and $11.5 million in distributions from joint ventures for the years ended December 31, 2021, 2020 and 2019, respectively. Approximately $2.9 million, $4.8 million and $3.5 million of the distributions made to us exceeded our investment basis in joint ventures, and as such, were recorded as income from unconsolidated joint ventures for the years ended December 31, 2021, 2020 and 2019 respectively.